Consultations & Publications Archives - The Society of Pension Professionals : The Society of Pension Professionals

The SPP response to the Home Office Consultation on the Police Pension Scheme & CPI

This SPP response sets out its support for aligning the 2015 CARE scheme revaluation date of 1 April, with the start of the tax year (6 April) for the purposes of revaluing active members pensions.

This is because it will align the revaluation date with the tax year, simplify administration, improve consistency between tax and pension calculations, and remove an unnecessary misalignment in the current framework.

However, it will have administrative and communication implications and we therefore recommend its implementation be delayed until 2028/29.

Tags: Home Office, pension, Pensions, Police Pension Scheme, Public Sector, public sector pensions, revaluation, SPP,

16/03/2026

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The SPP’s response to the FCA Consultation on ESG ratings: Proposed approach to regulation

This SPP response to the FCA consultation on ESG ratings welcomes their objective of enhancing transparency and providing robust reliable ratings and minimum disclosures for ESG rating providers.

However, the SPP warn of possible practical challenges that will require further consideration including the impact on smaller providers, access to data as well as legal and governance concerns.

Tags: environmental, ESG, FCA, governance, pension, Pensions, regulation, social, SPP,

12/03/2026

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The SPP’s response to the FCA & TPR consultation on a new Value for Money framework

The SPP backs the FCA & TPR’s proposed Value for Money framework
but calls for improvements.

Tags: FCA, pension, Pensions, SPP, TPR, value for money, VfM,

04/03/2026

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The SPP’s response to the DWP consultation on Trust-based pension schemes

This response sets out SPP's views on proposals designed to ensure that trusteeship, governance and administration standards keep pace with the evolving pensions landscape.

The SPP response emphasises that the UK’s current trusteeship framework is working well for the vast majority of members, delivering secure benefits and governance standards that are proportionate to scheme size and complexity.

Tags: DWP, governance, pension, Pensions, policy, SPP, trustees,

02/03/2026

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The SPP’s response to TPR’s consultation on extending the collective defined contribution (CDC) code of practice

This response sets out SPP's views on TPR's draft code of practice that will amend the existing CDC code which applies to single and connected employer CDC schemes (‘single-employer CDC schemes’).

Whilst expressing support for TPR’s intention to move towards a single code of practice, the SPP provides a number of comments intended to improve the code of practice and support its effective implementation.

Tags: CDC, pension, Pension Schemes, policy, SPP,

12/02/2026

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The SPP’s response to the FCA consultation, “Adapting our approach to a changing pensions market”

Like the FCA, the SPP wants a pension market that helps consumers> However, our response cautions that regulators must be wary of adding additional costs and complexity.

Tags: Consumer Duty, digital tools, DWP, FCA, pension, Pensions, regulated, regulation, SPP,

09/02/2026

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The SPP’s response to the 2026/27 PPF levy consultation

The SPP has worked closely with the PPF and a range of stakeholders to help ensure the Pension Schemes Bill introduced the necessary flexibility for the PPF to reduce its levy to zero, so we are naturally pleased this is happening.

Whilst this consultation response highlights our support for a reduced levy, we have also taken the opportunity to highlight a number of issues to help improve administrative aspects of the regime.

Tags: DB Schemes, levy, pension, Pension Protection Fund, Pensions, PPF,

05/01/2026

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The SPP’s response to the LGPS “Fit for the future” consultation

The SPP recognises that a sustainable LGPS is in the best interests of scheme members, employers and local taxpayers and so has provided a range of technical comments that should prove helpful in ensuring that government policy intentions are met and that unintended consequences are minimised.

Tags: LGPS, local government pension scheme, pension, Pensions, Public Sector, public sector pensions, SPP,

02/01/2026

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SPP’s response to the LGPS access & protections consultation

This response sets out the SPP’s views on government proposals to extend access to the LGPS to Mayors and Councillors; to prevent contribution rate shopping by Academies; and to New Fair Deal proposals to help ensure continued access to the LGPS for outsourced workers.

Tags: LGPS, Local Government, pension, Pensions, Public Sector,

09/12/2025

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SPP’s response to the DWP consultation on Retirement CDC 2025

This response acknowledges that there are arguments for and against Retirement CDC schemes being made available in the retail environment; strongly supports the introduction of a ‘cohorting’ approach; and agrees that there is a strong case for a charge cap to be introduced.

If the Government introduces their Guided Retirement requirements on DC schemes in advance of Retirement CDC being made available, schemes may not have much appetite to revisit their Guided Retirement options in the short term. This could represent a substantial missed opportunity.

Tags: CDC, Collective Defined Contribution, pension, Pensions, Retirement CDC, SPP,

03/12/2025

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SPP response to The Pensions Regulator’s Enforcement Strategy Consultation 2025

SPP's short response to The Pensions Regulator's Enforcement Strategy consultation, which expresses support for the broad thrust of the proposed changes whilst detailing some areas where unintended outcomes could arise and where further clarification would be helpful.

Tags: enforcement, pension, Pensions, regulation, SPP, The Pensions Regulator,

10/11/2025

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SPP response to the third State Pension Age (SPA) review

This SPP response to the government’s latest review of the SPA, highlights that if wider terms of reference, including the purpose of the State Pension, had been provided, this would have enabled more relevant factors to be considered and potentially better outcomes.

The response addresses questions relating to an increase in the SPA and proposals for an automatic adjustment mechanism too.

Tags: State Pension, State Pension Age,

22/10/2025

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